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Topic - Platinum Mining
Jan 30, 2015
A platinum export levy announced by the Zimbabwe government in 2013 remains mired in uncertainty, after the planned deferral of the tax to 2017, was not provided for in the country’s 2015 Finance Bill, gazetted on January 9. Platinum majors Impala Platinum (Implats)...
Dec 11, 2014
Terence Goodlace
South Africa’s second-largest platinum mining company is selling shares in the company’s primary operational subsidiary to employees in a R1.1-billion deal. The JSE-listed Inplats said on Thursday that it had concluded a vendor-financed equity transaction with Impala...
Dec 03, 2014
Sep 01, 2014
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) rose by 3.1 index points to 49 in August, signalling a return to more normal manufacturing output levels following months of production disruptions owing to industrial action in the platinum mining and...
Aug 08, 2014
Aug 05, 2014
RBPlat CEO Steve Phiri
Black-controlled platinum mining company Royal Bafokeng Platinum (RBPlat), which managed to maintain operational stability in a sector wracked by violent strikes, on Tuesday reported increased production, revenue and earnings. Production rose 3% to 134 229 platinum...
Aug 01, 2014
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) has contracted for the fourth consecutive month, signalling the manufacturing sector’s continued subpar performance. The index “expectedly” fell from 46.6 in June to 45.9 index points in July, owing to...
Jul 16, 2014
South Africa’s platinum mining sector would benefit more from implementing fully mechanised systems, rather than retrofitting existing systems or making use of hybrid systems, Tomahee Consulting senior consultant Alastair Macfarlane said on Wednesday. Speaking at the...
Jun 04, 2014
May 30, 2014
May 23, 2014
May 13, 2014
May 13, 2014
The Chamber of Mines of South Africa on Tuesday condemned “in the strongest terms” the “brutal” murder of two mineworkers in the Rustenburg area. This denunciation follows the condemnation of acts of violence against employees intent on returning to work by South...
May 12, 2014
Lonmin CEO Ben Magara
The overwhelming wish of employees to return to work should be upheld, Lonmin CEO Ben Magara pleaded on Monday as the massive strike in the platinum belt entered its 16th week. Magara said that the immediate focus was to get the business back up and operational but...
Mar 28, 2014
Implat's Johan Theron
Mechanising the Leeuwkop mine near Brits in North West is bad news for South Africans desperate for work, United Democratic Movement leader Bantu Holomisa said on Friday. "The [platinum sector] strike has gone on for too long and inevitable retrenchments are...
Mar 27, 2014
Outgoing Deputy President Kgalema Motlanthe
The representatives of mining companies, labour and government on Thursday recommitted their organisations to soldiering on together to stabilise the strike-hit South African mining industry. Outgoing Deputy President and one-time mineworker Kgalema Motlanthe again...
Mar 03, 2014
Implats's Gerhard Potgieter
JSE-listed platinum mining company Impala Platinum (Implats) has embarked on a strategy to research and develop modern mechanised mining methods and to expand them to all parts of the group. Implats CEO Terence Goodlace ruled out the perpetuation of current mining...
Feb 25, 2014
Increased demand for chemical explosives by the South African mining sector drove speciality group AECI’s earnings for the year ended December 31 northwards, pointing to a stronger minerals industry than that of 2012. However, strikes in the platinum mining industry...
Feb 21, 2014
Retiring Northam CEO Glyn Lewis
JSE-listed platinum mining company Northam has recorded its first operating loss since 1998 after its Zondereinde mine was hit by an 11-week strike. The traditionally solid performer, headed by retiring CEO Glyn Lewis, slumped to a total comprehensive loss of...
Feb 21, 2014
Mechanical engineer Rod Pickering spent 20 years at the Chamber of Mines Research Organisation (Comro) running the stoping technology laboratory, the part of the now-defunct Comro that focused on hard rock, narrow-reef mining. After leaving Comro in 1996, he spent...
Jan 29, 2014
Jan 23, 2014
Jan 21, 2014
As the Association of Mineworkers and Construction Union (AMCU) gear up to lead a strike in the gold and platinum mining sectors from Thursday, concerns are being voiced that labour unrest could unhinge an already strained industry. As multiple mining majors brace...
Nov 13, 2013
Increasing costs and continued industrial action in the 2013 fiscal period has, in combination with lower production and international demand weakness, driven shrinking margins and R25-billion in impairments for majors in the South African mining sector. This was...
Oct 18, 2013
Sep 20, 2013
Computer software designed specifically for health and safety training in various real-life environments is suitable for any industry and is achieving positive results in South Africa and worldwide, video and multimedia production company The Boiler Room tells...
Aug 23, 2013
May 15, 2013
Apr 16, 2013
Although the Chamber of Mines (CoM) was expecting to receive a formal response from the Association of Mineworkers and Construction Union (Amcu) regarding its proposed formation of a centralised bargaining forum for the platinum sector soon, Amcu president Joseph...
Mar 29, 2013
I spent my youth on mines – in particular, on gold mines – and I have more or less seen mining operations of one kind or another every year for the last 30 years. Mines in Africa, that is.
Mar 01, 2013
Plans to review Lonmin PLC's operating structure were being discussed with unions, the platinum mining company said on Thursday. The company said in a statement the new structure, which would probably affect 150 management positions, was part of its renewal plan...
Jan 11, 2013
Impala Platinum (Implats) on Friday concluded a nonbinding term sheet with the Zimbabwe Ministry of Youth Development, Indigenisation and Empowerment for the sale of a 51% stake of its Zimbabwe subsidiary Zimplats to various indigenous entities for $971-million....
Dec 05, 2012
The past six months have seen 3 332 workers lose their jobs in the platinum-mining sector, Mineral Resources Minister Susan Shabangu said. In a November 23 response to a Parliamentary question, published this week, Shabangu said that an “unfavourable economic...
Dec 03, 2012
DCD’s Mining & Energy cluster, supplying products and components for mining activities and power generation plants, has bedded down exceptionally well following the 2012 restructure of the group and is well positioned to achieve growth across all its market segments...
Nov 02, 2012
South Africa’s largest platinum mining companies this week warned of potential job losses, while 400 workers were sacked at a chrome mine and at least one mining contractor confirmed that it would retrench 860 workers. The warning of potential job losses in a...
Sep 21, 2012
Local authorities formed part of the Marikana problem, founding Confederation of South African Trade Unions (Cosatu) general secretary Jay Naidoo said on Friday. The former Cosatu leader, who took part in the Human Science Research Council’s (HSRC’s) ‘Facing...
Sep 17, 2012
Troubled platinum producer Lonmin announced on Monday that it would place the K4 shaft at its strike-hit Marikana mine, near Rustenburg, under care and maintenance and that it would terminate its contract with Murray & Roberts (M&R) Cementation with effect from...
Sep 17, 2012
The technical excellence of upcoming black South Africans is being laudably implemented amid a sea of turmoil in South Africa’s wildcat strike ravaged Rustenburg platinum belt. The beacon of hope within the area where 45 people have died in violent confrontation is...
Sep 14, 2012
South Africa’s only black-owned, black-managed and black-operated mining company, the JSE-listed Royal Bafokeng Platinum (RBPlat), has declared zero tolerance on the violence and intimidation that is sweeping though Rustenburg’s platinum belt. ““We’re not going to...
Aug 24, 2012
JSE-listed platinum producer Northam Platinum on Friday reported a 11% fall in after-tax profit for the year ended June 2012, pushing headline earnings down 9.6% from 89.5c in 2011, to 80.9c a share. A protracted global economic downturn saw Northam’s profit decline...
Aug 16, 2012
The National Union of Mineworkers (NUM) general-secretary Frans Baleni on Thursday accused platinum mining companies of undermining bargaining processes, adding that it was a contributing factor to the violence that have broke out at Lonmin’s Marikana mine over the...
Jul 12, 2012
South Africa’s Chamber of Mines (CoM) has agreed to establish a special CEO ‘Elimination of Fatalities Team’, to step up efforts to improve safety and eliminate fatalities in the country’s mines. The team, which would be led by AngloGold Ashanti CEO and CoM VP Mark...
May 22, 2012
Aim- and JSE-listed Jubilee Platinum would continue to ramp up production at its 70%-owned Middelburg smelting operation throughout the quarter to target sustained production at 1 100t/m. The Middelburg smelting operation reached its targeted full daily smelting...
Mar 29, 2012
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